Personal Capital Review
Personal Capital is basically an automated robo-advisor for the wealthy. It has great features and options for investing, but high fees unless you are investing millions of dollars with them.
Personal Capital: Overall
Since Personal Capital focuses on the more wealthy client, it doesn’t offer many options for those who don’t have a lot of money to invest, which makes it’s options limited. If you do, however, have the money to invest, it’s a great option.
Personal Capital: Fees
Minimum deposit: First off, the minimum deposit for Personal Capital is $25,000, which is a lot more than any other robo-advisor service.
Under $1 million: Flat annual fee of 0.89%
$1-3 million: Flat annual fee of 0.79%
Next $2 million: Flat annual fee of 0.69%
Next $5 million: Flat annual fee of 0.59%
Over $10 million: Flat annual fee of 0.49%
Personal Capital: Options
While expensive, the beauty of Personal Capital is you get what you pay for. Even though it only offers one-stop shopping, the robo-advisor and your own dedicated team will help you assemble the best portfolio for your retirement. Personal Capital is also one of the only robo-advisors that invests in both ETFs and securities, which is a nice diversification.
Personal Capital: Features
Although they only offer one option when it comes to your portfolio, that option comes with a slew of features to help develop the best portfolio for your investments, including:
- Dedicated advisor team
- Retirement planner
- Fee analyzer
- Investment checkup tool
- Net worth calculator
- Cash flow analyzer